About nomad943

  • Oh man is this getting good!

    Rep. Marcy Kaptur, D-Ohio, suggested Geithner was more beholden to banking interests than to taxpayers at the New York Fed and cut him off abruptly when he tried to deny it.

    Kaptur later called Geithner’s performance weak and said it showed that “he shouldn’t have been appointed in the first place.” She said in an interview that he should go “but removing him would be an empty change without eliminating the revolving door between Washington and Wall Street.”

    We should do an over/under on how long Geithner will be at Treasury.  Let the wagering starts at 3 months.

  • on a roll.  He does a great job putting the heat on Geithner.


    He continues to say that he was not involved in the day-to-day management of the NY Fed at this point as he was preparing for his nomination and did not want a conflict.  His responses so far stretch the imagination more than a Speilberg movie.

    It is time for him to go and investigations to be launched.

    I see two options:

    1) He is telling the truth and he was not involved in anything going on at the NY Fed yet was collecting a pay check.  I want my money back and I want him prosecuted.

    2) He is not telling the truth and he was involved in the decision and supported the excessive payments to the counterparties.  I want him fired and want him investigated for gross negligence in the performance of his duties.

    This obfuscation has gone on too long.  Time to get to the bottom of the AIG issue and then move on to Fannie and Freddie.